Meyer Burger Technology AG (SWX:MBTN) has discontinued its plan to build a 2-GW solar cell manufacturing facility in Colorado Springs, Colorado, due to financial difficulties. The Swiss company plans to focus on the ongoing construction of its module factory in Goodyear, Arizona, with a nominal capacity of 1.4 GW, rather than the originally planned 2 GW, and an expansion by an additional 0.7 GW. The decision was made following recent developments related to the project. Meyer Burger’s cell production facility in Thalheim, Germany, will continue to be a major source of supply for the group, including for the Goodyear module factory. The company will implement a restructuring and cost-cutting programme to achieve sustainable profitability.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
